I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.
Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.
Are you expecting Bitcoin to get so low once it crashed?
There are many reasons for why that could happen there are many people that are holding bitcoin for the long term but prefer to FUD the forum and see the newbies dropping their coins and then they can get those coins for cheap so as you can see their strategies makes complete sense to them.
That is right point. People think that if they will spread fuds like that they they will find some of the people selling their coins and they will then buy back them at a lower price. They are sure that the price in long term will increase much higher and even after that they say about the crash only for that reason to buy more at lower price. But anyway we do not have to focus on them and we have to hold our coins for more longer to find more profit with our investment as now the time has started when we will get the profit for which we were waiting for a longer time.